Which of the Following Is Not Correct

question 101

Multiple Choice

Which of the following is not correct?

• A) The taxable equivalent yield is greater than the tax-exempt yield.
• B) The taxable equivalent yield can be compared to the return on a taxable investment.
• C) An investor can have a capital gain if she sells a municipal bond before maturity.
• D) The taxable equivalent yield is calculated for municipal securities.
• E) The tax-exempt yield is associated primarily with federal government securities.

---

Definitions:

Social Hierarchy

A system or organization of people ranked one above the other according to status or authority.

African-Americans

An ethnic group in the United States with total or partial ancestry from any of the black racial groups of Africa, including descendants of enslaved Africans.

Abolitionist Movement

A social and political campaign aimed at ending slavery and the slave trade in the United States and elsewhere.

William Lloyd Garrison

A prominent American abolitionist, journalist, and social reformer known for founding the anti-slavery newspaper "The Liberator."